The Jersey Financial Services Commission has published updated versions of Appendices D1 and D2 of the AML/CFT Handbook, taking into account the Financial Action Task Force (FATF) statements of 21 October regarding countries and territories.
Countries and territories listed under Sources 1 and 2 of Appendix D2 should be treated as non-compliant with FATF recommendations for the purpose of Article 17A of the Money Laundering Order. These requirements are effective immediately.
Particular care will also need to be taken when considering relying on an obliged person based in one of these countries and territories.
Businesses are being asked review their policies and procedures, as well as existing customer relationships, to assess the impact on the business.
To view the updated appendices, click here